An MoU for a high speed rail line project linking the capitals of Russia and China was signed by the two nations during a visit to Moscow by the Premier of the State Council of the People's Republic of China, Li Keqiang.

The new passenger train project would make a journey along the length of the Trans-Siberian railway possible in two days. It currently takes six days to travel from Beijing to Moscow by rail.

It is estimated that the 7,000 km high speed rail line would cost 230 billion USD to complete. It would be three times longer than the world's longest high speed railway line from Beijing to Guangzhou (2,298km).

Chinese media reports that the high speed rail line will be laid through Mongolia.

The large construction project is expected to be a symbol of the two countries bilateral cooperation.

Beijing Times reported that if the project's funding is resolved without any restrictions, the high speed rail line linking China and Russia will be completed in five years.

Chinese CCTV said that China also submitted a bid to Russia to build an 803 km rail line from Moscow to the Tatar Republic of Russia.